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Senior Property Treaty Underwriter

4 months ago

Stamford, Connecticut, United States General Re Corporation Full time
Shape Your Future with Us

General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. Its direct reinsurance companies conduct business as Gen Re.

Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of more than 40 offices, supported by over 2,000 employees worldwide, we have earned superior financial strength ratings from each of the major rating agencies.

Gen Re currently offers an excellent opportunity for Senior Property Treaty Underwriter in our Stamford, CT office. This is a hybrid role requiring 2-3 days in the office.

Role Description

The Senior Treaty Underwriter's primary responsibility is toassess, underwrite, price and structure new and renewal treaty businessconsistent with General Re's risk appetite and profit margin expectations. This work is performed within a client teamstructure involving the underwriter, pricing actuary, account executive andaccount manager. On-the-job training isanticipated.

Primary responsibilities of a Senior Property Treaty Underwriter:

Teamwork
  • Demonstrates a strong work ethic and a sense of urgency.
  • Contributes to and champions a collaborative team culture.
  • Demonstrates an ability to proactively manage potential conflict, internally and externally.
  • Maintains collaborative relationships with other Gen Re business and service units by encouraging cooperation, participation, information exchange and identification of opportunities.
  • Enjoys client engagement and learning about the client's business
  • Seeks feedback and continuously learns/improves own skills, including professional designations, as appropriate.
  • Participates in and contributes to training/coaching initiatives.
  • Contributes to a positive, disciplined, high trust, respectful and fun work environment.
Underwriting
  • Technical underwriting capabilities involve handling commercial, personal and catastrophe property business. Team support is available to assist learning new lines of business
  • Technical capabilities include:
- The ability to assess and analyze exposure to loss
- Understanding primary insurance underwriting principles and coverage
- Understanding of primary insurance rate making
- Ability to evaluate client and product experience
- Capable of interpreting reinsurance treaty language and coverage intent
- Ability to determine reinsurance pricing based on model outputs, and interaction with members of the account team
  • Insurance company financial statement knowledge and how financials relate to reinsurance purchasing decision
Operational
  • Supports and fosters Gen Re's Risk Management culture. Ensures compliance with all underwriting/pricing standards and processes.
  • Demonstrates effective time management skills.
  • Shares underwriting expertise and experiences to enable continuous team learning.
  • Actively suggests and supports change and improvement as an essential part of any ongoing vital organization
  • Practices an open, honest and respectful communication style. Encourages and ensures ongoing communication on all matters of importance
  • Is proficient in the use of all technology relevant to the position.
  • Applies a cost/benefit mentality on all ongoing expenses.
Role Qualifications and Experience
  • 10 years underwriting experience in insurance/reinsurance industry
  • Insurance contract knowledge
  • Demonstrated ability to work effectively within differing team structures
  • Demonstrated ability to work calmly and effectively under time constraints
  • Strong time management and organizational skills
  • Strong math/analytical skills
  • Excellent computer proficiency with Microsoft Office Suite, especially Excel
  • Knowledge of/ experience with catastrophe models preferred
  • Self-starter and ability to multi task
  • Excellent communication and presentation skills
  • Some travel required
Salary Range
155, ,000.00 USD
Theannual base salary range posted represents a broad range of salaries around theU.S. and is subject to many factors including but not limited to credentials,education, experience, geographic location, job responsibilities, performance,skills and/or training.

Our Address

General Reinsurance Corporation
120 Long Ridge Road
Stamford, CT US)

AtGeneral Re Corporation, we celebrate diversity and are committed to creating aninclusive environment for all employees. It is the General ReCorporation continuing policy to afford equal employment opportunity to allemployees and applicants for employment without regard to race, color, sex(including childbirth or related medical conditions), religion, national originor ancestry, age, past or present disability, marital status, liability forservice in the armed forces, veterans' status, citizenship, sexual orientation,gender identity, or any other characteristic protected by applicable law. Inaddition, Gen Re provides reasonable accommodation for qualified individualswith disabilities in accordance with the Americans with Disabilities Act.